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5 <br /> 1 o $24.3 MM in real property; $15.6 MM in personal property <br /> 2 o Forecast to occur in the first 3 years of operation <br /> 3 o New building construction of 200,000 sq. ft. (approx. half of the <br /> 4 investment) <br /> 5 o Additional improvements to 400,000 sq. ft. existing building <br /> 6 o Introduction of world-class sheet metal and copper fabrication equipment <br /> 7 o Transfer of personal property (Relocation of existing machinery from <br /> 8 another ABB plant to the Mebane plant; estimated at only 10-15% of the <br /> 9 total M&E investment to be made) <br /> 10 378 new jobs in first 2 years, increasing to 403 jobs by 5th year <br /> 11 $70,789 average annual salary, plus benefits. <br /> 12 Mebane operations would lose 110 jobs if MS site was selected. <br /> 13 <br /> 14 Company History <br /> 15 • Multinational Swiss/Swedish company headquartered in Zurich, Switzerland <br /> 16 • Founded 130 years ago <br /> 17 • 147,000 employees globally <br /> 18 • Presence in over 100 countries <br /> 19 • 24,000 employees in the United States (2018) <br /> 20 o 3,000 in North Carolina & $45 million in annual payroll statewide <br /> 21 • 65 manufacturing locations in the United States (2018) <br /> 22 • Five market-leading entrepreneurial divisions: <br /> 23 o Electrification Products <br /> 24 o Power Grids (selling this division to Hitachi by 2020) <br /> 25 o Industrial Automation <br /> 26 o Robotics & Discrete Automation <br /> 27 o Motion Control (Industrial motors & drives, traction control) <br /> 28 • Orange County, NC's GE Industrial Solutions was acquired in June 2018 to strengthen <br /> 29 ABB's position in electrification globally, and expand access to the North America market <br /> 30 • ABB's U.S. operations are headquartered in Cary, N.C.; a significant financial backer of <br /> 31 the North Carolina Theatre. <br /> 32 • With over 575 employees currently at ABB's site in Mebane, the firm is Orange County's <br /> 33 #1 largest private employer, the largest manufacturing employer, and pays the highest <br /> 34 average manufacturing salary among all industries in the County. <br /> 35 <br /> 36 Outline of All Performance-Based Incentives (chart) <br /> 37 <br /> 38 Forecast of ABB's Capital Investment Schedule (chart) <br /> 39 New Taxable Investment (Real & Personal Property) <br /> 40 <br /> 41 Forecast of ABB's New Job Creation (table) <br /> 42 Hiring Schedule for New Jobs, with Benefits <br /> 43 <br /> 44 Orange County Proposed Incentive <br /> 45 • Performance-based incentive on outlined jobs (403) and capital investment <br /> 46 ($39,900,000) <br /> 47 • Up to $972,722 paid out over 5 years upon verification of actual jobs and investment <br /> 48 numbers per year <br /> 49 • Incentive value calculated at 75% of actual new property tax valuation <br /> 50 <br />